House Bill to Lower Proof Gallon Tax (FET).

Place for craft/micro distillers in all stages of build to show and share.

Moderator: Site Moderator

House Bill to Lower Proof Gallon Tax (FET).

Postby MoonBreath » Tue Dec 05, 2017 2:31 pm

Senate passes HR 1, which includes reducing FET for craft distillers from $13.50 to $2.70 for the first 100,000 proof gallons..If passed by both Senate and Congress, it would begin January 1, 2018 ..Authorized for just 2yrs ending December 31, 2019..To be permanent, would have to be returned to Congress.
Lots of relief coming hopefully.
*Spend it all, Use it up, Wear it out*
Beware of sheet-sniffers and dime-droppers!
User avatar
Site Donor
Site Donor
Posts: 1815
Joined: Thu Jan 31, 2013 7:34 pm
Location: Horseshoe Bend, Ky.

Re: House Bill to Lower Proof Gallon Tax (FET).

Postby DAD300 » Wed Dec 06, 2017 3:59 pm

This doesn't sound like a lot, but to a small craft distillery it's the dif between ~$2.70 in FET or $0.54 a bottle. $2.16 per bottle direct to bottom line is a lot. 100 bottles a day five days a week? $216 a day, $1,000 a week, $50,000 a year more profit.
User avatar
Master Distiller
Posts: 2559
Joined: Wed Mar 02, 2011 11:46 am
Location: Southern U.S.

Re: House Bill to Lower Proof Gallon Tax (FET).

Postby Twisted Brick » Wed Dec 06, 2017 4:35 pm

I have read that in America, one new craft distillery opens up every day, and this most certainly recognizes the mass and inertia that the craft spirit industry has created.

List of Senators sponsoring S.236 ... astToFirst
“Always carry a flagon of whiskey in case of snakebite, and furthermore, always carry a small snake.”

- W.C. Fields
User avatar
Twisted Brick
Posts: 85
Joined: Sat Mar 09, 2013 4:54 pm
Location: Craigh Na Dun

Return to Craft Distillers

Who is online

Users browsing this forum: No registered users and 2 guests